For the beginning trader, here are some thoughts and ideas for the first steps of your journey. For a developing trader, or for the successful trader, here is an invitation to take a few steps back and look at everything with beginner's eyes. Here are the show notes for episode 1 of 2:

Who is this blog for? Everyone, but you’ll get something different out of it.

What do we mean by trading/investing

* Not separate activities--there is not the division we often assume
* Investing: longer timeframe
* Active trading shorter timeframe

Timeframe

* Advantages to both long and short holding periods
* Daytrading is hard
* “swing trading”
* Long-term swing trading
* Investing
* Indexing

What you need (eventually)

* Edge
* Capital
* Ability to apply edge with discipline

What you need (to get there)

* Time
* Right attitude
* Learning skills (ability to learn)
* Capital
* Quantitative skills

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Also, if you like the music for this podcast, then be sure to check out Brian Ashley Jones, my friend, and a fantastic singer-songwriter.

Enjoy the show: